GE Press Releases: Aerospace and Aviation, GE Money, GE Hitachi, GE Capital Solutions, GE Security, GE Healthcare, GE Fanuc

Qatar Airways Selects GEnx and GE90 Engines for its new Boeing 787 and 777 Aircraft
The GEnx order is valued at more than $800 million (USD) list price. The order for the GE90-115B-powered Boeing 777 Freighters follows orders for two Boeing 777 freighter, 14 Boeing 777-300ER and six Boeing 777-200LR aircraft, which are also powered by the GE90-115B engines. The combined list price of the GE90-115B engines ordered for all 27 Boeing 777 aircraft is more than $1.2 billion list price...

Emirates Selects GP7200 Engines for Additional Airbus A380 Aircraft
Emirates has selected the GP7200 engine to power its 12 additional Airbus A380 aircraft. The engine order is valued at $800 million (USD) list price...

GE Corporate Lending Provides $550 Million to Finlay Enterprises, Inc. For Acquisition of Bailey Banks & Biddle
Founded in 1887, Finlay is a leading retailer of fine jewelry operating stand-alone jewelry stores and jewelry departments in department stores throughout the United States. Founded in 1832, Bailey Banks & Biddle operates 70 stand-alone fine jewelry retail stores throughout the United States offering jewelry and watches under high-end brand names

ClimateMaster Endorses Eco-Friendly Loan Program Offered Through GE Money & Electric & Gas Industries Association
The GEOSmart Loan program, sponsored by EGIA and funded by GE Money’s Sales Finance unit, provides both installment and revolving financing options and is available through EGIA-approved contractors to assist consumers looking to purchase a ClimateMaster geothermal heating, cooling and water heating system for their home. “The level of long-term financing provided through the GEOSmart Loan program is something that has long been needed in the geothermal heat pump...

Exelon Nuclear Selects GE Hitachi’s ESBWR
Exelon Nuclear is studying locations in Matagorda and Victoria counties in Texas as potential reactor sites to help address that state’s rapidly growing demand for energy...

Emirates Signs Fleet Management Agreement with Engine Alliance for GP7200 Engines
“As the largest customer of the GP7200 engines, Emirates is an important customer for the Engine Alliance and we look forward to working together with them to fulfill their service needs,” said Bruce Hughes, president of the Engine Alliance...

Saudi Arabian Airlines and GE Sign Overhaul Support Agreement
Under the agreement, GE Aviation will support Saudi Arabian Airlines’ new state-of-the-art facility that will be built in King Abdul Aziz Airport in the Kingdom of Saudi Arabia. The facility will serve the Saudi Arabian and the region market. Additionally, Saudi Arabian Airlines and GE have signed a memorandum of understanding (MOU) for GE to supply material to the airline...

Emirates Order Additional GE90-Powered Boeing 777 Aircraft
Emirates has also signed a 12-year OnPointSM solution service agreement for the maintenance and overhaul of its the GE90-115B engines. The agreement is worth more than $380M over the life of the contract...

Dubai Aerospace Enterprise Orders GE Engines for New Fleet
Bob Genise, CEO of DAE Capital, the Dubai-based group’s aircraft, leasing and finance business, said, “This deal, as part of a 100 aircraft order from Boeing, demonstrates our aim to quickly establish DAE Capital as a world-class aircraft leasing business.”...

Royal Jordanian Signed OnPoint Solution Services Agreement with GE
Created in 1963 by a Royal Decree issued by His Majesty the late King Hussein, Royal Jordanian has grown to cover a network of 54 destinations on four continents. Royal Jordanian operates an extensive fleet, including CF6-powered Airbus A310 aircraft, CF34-10E-powered EMB195, CFM56*-powered A340 aircraft and CFM56*-powered A320 aircraft. This year, Royal Jordanian joined OneworldTM airline alliance...

HP Hotels Secures $17.5 Million in Refinancing and Construction Loans from GE Capital Solutions, Franchise Finance
To further expand its growing hospitality portfolio HP Hotels chairman, Chiman Patel, turned to GE Capital Solutions, Franchise Finance for a $17.5 million refinancing loan for a Hampton Inn in Birmingham, Ala, and new construction of a 115-room Hilton Garden in Oklahoma City, Okla. Patel has a long-term relationship with...

GE Announces Weldstar Girth Weld Pipeline Inspection System
GE Sensing & Inspection Technologies, a business unit of GE Enterprise Solutions (NYSE: GE), announces the release of Weldstar, a complete, automated ultrasonic girth weld inspection system for transmission pipelines. Weldstar provides considerable gains in productivity and probability of detection, without the hazards...

GE Money and Thomasville Furniture Industries Extend Consumer Finance Program
GE Money and Thomasville Furniture Industries today announced a multi-year renewal of its consumer financing agreement, originally formed in 2003. The Thomasville credit card program, issued through GE Money’s Sales Finance unit...

ALAFCO Aviation Lease and Finance Company Selects GEnx Engine for Boeing 787 Fleet
ALAFCO Aviation Lease and Finance Company (KSCC) has chosen the GEnx engine to power its additional Boeing 787 Dreamliners. ALAFCO has order a total of 22 Boeing 787 Dreamliners, all powered by GEnx engines...

Sama Signs an Agreement with GE for USD 51 Million
Sama, the new low-fare carrier in Saudi Arabia, has signed a 10-year, OnPointSM solution agreement with GE for the maintenance, repair and overhaul of its CFM56-3 fleet. The agreement is valued at more than $51 million (USD) over the life of the contract...

GE Security’s New ActiveKEY Delivers Wireless Productivity, Competitiveness and Safety Enhancements to Real Estate Agents
GE Security, Inc., a wholly owned indirect subsidiary of the General Electric Co. (NYSE: GE), today announced its new wireless lockbox key, ActiveKEY, has garnered significant early acceptance since its launch in August and is now being used by more than 33,000 real estate agents in more than 30 markets...

Will Your Hospital Be Prepared? New Report Examines Unfunded Liabilities and its Impact on Current and Future Capital Planning
To provide an understanding of the scope and effect of unfunded liabilities, such as defined benefit pensions and medical malpractice claims, HFMA and GE Healthcare Financial Services have released Managing Unfunded Liabilities: Will Your Hospital Be Prepared?, the third installment in the Financing the Future...

GE Healthcare Financial Services and Sechrist Sign Vendor Financing Agreement
This financing agreement will provide our growing number of hospital and healthcare clinic customers with a means to afford critical medical equipment,” said Jack Rollins, CEO of Sechrist Industries. “GE Healthcare Financial Services’ history in healthcare financing and its financial strength...

GE Business Unit Grows in India with Stake in Investment Arm of KSK, Leading Indian Power Project Developer
This transaction reinforces GE Energy Financial Services’ growth in India’s power market,” said Raghuveer Kurada, Managing Director of GE Energy Financial Services’ India operations. “KSK’s pioneering leadership in mid-sized captive power generation and access to dedicated low-cost fuel reserves creates opportunities for sizeable additional investment in new power projects...

GE Fanuc Intelligent Platforms Announces First NEBS-compliant PCI-X Packet Processors
Designed for applications such as session border control, secure access, network address translation (NAT), traffic management and firewall, the WANic 3850 and 3860 are the first packet processors...